$33 Million Dollar Home Sold!

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Texas billionaire and Metro Networks founder David Saperstein has sold an equestrian estate in Simi Valley, an area found roughly 40 minutes northwest of Los Angeles, for $33 million.

Known as Hummingbird Nest Ranch, the sprawling 123-acre estate centers on a Spanish-style mansion of 17,000 square feet designed by architect Richard Robertson. A total of 16 guesthouses, three riding arenas and a 20,000-square-foot barn are among dozens of structures on the estate.

Three parking lots can accommodate as many as 400 vehicles. A swimming pool and spa, a helipad and a solar-panel farm are also within the grounds.

Views take in rock formations, riding fields and the surrounding Santa Susana Mountains.